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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
Loans to Small Businesses
Total Project Financing
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans funded in January 2021 ranged from $113,000 to $558,000 and provided assistance to businesses located in Haverhill, Spencer, Middleton, South Grafton and Boston, MA as well as Salem, NH. The projects will contribute to the creation of 12 Jobs.
Loans funded in December 2020 ranged from $85,000 to $394,000 and provided assistance to businesses located in Danvers, Stoughton, Shrewsbury, Fitchburg and Lynn, MA. The projects will contribute to the creation of 9 Jobs.
Loans funded in November 2020 ranged from $76,000 to $585,000 and provided assistance to businesses located in Dracut, Methuen, New Bedford, Seekonk, Tewksbury, Duxbury, Abington and Somerville, MA. The projects will contribute to the creation of 22 Jobs.